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2000 Yuan Bank of Pei Hai

Issuer Bank of Pei Hai (北海銀行)
Year 1948
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Currency Yuan (1946-1949)
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Obverse lettering 北海銀行
貳仟圓
中華民國三十七年
貳仟
Reverse description Brown letterpress print with dense guilloche latticework covering the entire field. A central vignette presents a harbour or coastal cityscape with buildings and vessels. The numeral 2000 appears in large figures at both left and right within ornate panels, repeated in smaller form at each corner, with the year 1948 inscribed along the lower centre.
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Comments

The Bank of Pei Hai was a Communist-controlled regional bank operating in the Shandong-Bohai base area, and its notes circulated in territory that changed hands repeatedly during the final years of the Chinese Civil War. By 1948, the People's Bank of China was already being organized, and Pei Hai notes were among the regional currencies absorbed and demonetized when the renminbi was introduced — most were exchanged and pulped, which accounts for the relative scarcity of surviving high-denomination examples.

The "M" suffix on the Pick reference typically denotes a specimen or a distinct variety; collectors should verify whether this example carries specimen perforations or overprint.

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